Cheniere completes Cheniere Partners Holdings merger
US LNG exporter Cheniere said it has completed the merger of Cheniere Partners Holdings with a unit of Cheniere.
As a result of the merger, all of the publicly-held shares of Cheniere Partners Holdings not owned by Cheniere were canceled and shareholders received 0.4750 shares of common stock of Cheniere for each publicly-held share of Cheniere Partners Holdings.
Cheniere added in its statement that the shares of Cheniere Partners Holdings will no longer trade on the NYSE American.
Cheniere Partners Holdings shareholders approved the merger by the written consent of approximately 97.6 percent of the total outstanding common shares, including approximately 70.4 percent of outstanding common shares excluding shares owned by Cheniere.
Approximately 99.9 percent of all written consents delivered voted to approve the merger.
J.P. Morgan Securities acted as financial advisor, and Sullivan & Cromwell and Sidley Austin acted as legal advisors to Cheniere.
Jefferies and Richards, Layton & Finger, acted as financial and legal advisors to the conflicts committee of Cheniere Partners Holdings.